Abstract

PENA N., Ómar D.. HIGHER EDUCATION IN COLOMBIA AND THE POLITICAL TRANSACTION COSTS THEORY. Rev.econ.inst. [online]. 2004, vol.6, n.11, pp.97-134. ISSN 0124-5996.

This essay argues how the structure of higher education in Colombia is a reflection of a dependent organizational political contract with tenuous advances on independence. Therefore, its implementation requires higher cost in terms of political transaction compared with a contract of interdependent nature. This leads to an unequal distribution of quality and an unequal coverage, because it will favour mature institutions of higher education located in Bogotá, Medellín, Cali and Bucaramanga, over emergent institutions. Professor Peña justify normatively a new contract, and propose a policy with emphasis in connectivity, its formulation and implementation would reduce the costs of political transaction and the inequity without too much sacrifice in the efficiency.

Keywords : political transaction costs; public policies; higher education; organizational behaviour; interorganizational cooperation.

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